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Joined: 28 Dec 2005 Posts: 11966
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Posted: Tue Jun 04, 2019 12:50 pm Post subject: Jun 4th Trading Log (Wed Trading Plan, Updated) |
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Jun 4th Trading Log (Wed Trading Plan):
If Mexico agrees to help at the border tomorrow, we may continue the relief rally. Otherwise, we’ll fall back. If TLT rises, I’ll buy more July or August puts. I may also buy more SPY puts, and buy OIH calls (instead of stock). My portfolio hit its highest level exactly two weeks ago at $790K and fell to $580K yesterday. I expect TLT to fall 2 1/2 more points short-term and OIH to rise three points short-term. SPY resistance is around 286.
My portfolio is about $705,000 including $480,000 in cash.
Calls Contracts-Shares Long
OIH 10,000 shares
Puts Contracts-Shares Short
TLT Jul 130 2019 500
SPY Sep 285 2019 10
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $600,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods. |
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